Martinez Limited, which follows IFRS, has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Condensed financial data for 2020 and 2019 follow (in thousands): MARTINEZ LIMITED Comparative Statement of Financial Position December 31 2020 2019 Cash $2,005 $1,150 FV-Nl investments 1,300 1,420 Accounts receivable 1,855 1,350 1,725 2,070 Inventory Plant assets 2,025 1,800 Accumulated depreciation (1.200) (1.170) $7,710 $6,620 Accounts payable $1,305 $950 Accrued liabilities 295 345 Mortgage payable 1,430 1,625 Common shares 2,035 1,800 Retained earnings 2,645 1,900 $7,710 $6,620 MARTINEZ LIMITED Income Statement Year Ended December 31, 2020 Sales $6,935 Cost of goods sold 4,700 Gross margin 2,235 Administrative expenses 910 Income from operations 1,325 Other expenses and gains Interest expense $(20) Gain on disposal of FV-NI investments 80 60 Income before tax 1,385 Income tax expense 405 Net income $980 Additional information: During the year $70 of common shares were issued in exchange for plant assets. No plant assets were sold in 2020. The FV-NI investments' carrying amount and market value were the same at December 31, 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.) Martinez Limited Statement of Cash Flows $ Adjustments to reconcile net income to net cash provided by operating activities: $ > > >